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Agriculture Secretary Perdue wrote to Senate Agriculture Committee ranking member Debbie Stabenow that USDA will design a new national program that is fair and equitable. Stabenow had criticized the Market Facilitation Program as biased toward southern states, certain crops and large farms, which Perdue defended.
The debate concerns how and to whom aid is distributed rather than new money, so it has little direct effect on feed commodity supply, demand or prices.
brownfieldagnews.comApr 8, 2020After 1,623 past policy events, Corn moved a median +0.1% over 5 sessions (51% higher; middle half -1.4% to +1.5%), and +0.4% over 20.
After 1,905 past policy events, Soybeans moved a median +0.1% over 5 sessions (52% higher; middle half -1.4% to +1.8%), and +0.2% over 20.
After 1,019 past policy events, Wheat (SRW) moved a median -0.1% over 5 sessions (49% higher; middle half -1.7% to +1.5%), and +0.2% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
